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  • Free Market to Blame For The Mortgage Crisis?

    I knew it would only be a matter of time before I would read that the free market is to blame for the current housing bust. Below is an excerpt from a letter to the editor of the New York Times : Its cause is the rigid, unrealistic ideology of the “magic...
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  • Paulson's Plan

    Here is an article written by Michael Pento via the Financial Sense website. Below are some highlights from the article: The essence of his plan is to convince the owners of sub-prime adjustable mortgage debt to freeze the interest rate resets for a period...
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  • Operation Hope

    Austrian economists are usually the only ones who advocate against government intervention once a bubble has burst. Jim Sinclair of wrote a short post on the proposed intervention called "Operation Hope." He correctly points out...
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